Shares of Commercial Vehicle Group (NASDAQ:CVGI) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus target price of $13.00 for the company and are anticipating that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Commercial Vehicle Group an industry rank of 167 out of 265 based on the ratings given to its competitors.
A number of equities analysts have issued reports on CVGI shares. Zacks Investment Research cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. ValuEngine cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Finally, TheStreet cut Commercial Vehicle Group from a “c” rating to a “d+” rating in a report on Friday, April 6th.
Commercial Vehicle Group stock opened at $7.65 on Friday. Commercial Vehicle Group has a 52 week low of $5.55 and a 52 week high of $13.90. The company has a quick ratio of 1.42, a current ratio of 2.22 and a debt-to-equity ratio of 2.19. The firm has a market cap of $226.33, a PE ratio of 16.59 and a beta of 1.50.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, March 12th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Commercial Vehicle Group had a positive return on equity of 18.39% and a negative net margin of 0.23%. The firm had revenue of $188.30 million during the quarter, compared to analyst estimates of $191.10 million. During the same period in the previous year, the company earned $0.02 EPS. Commercial Vehicle Group’s revenue for the quarter was up 25.5% on a year-over-year basis. research analysts forecast that Commercial Vehicle Group will post 1.18 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in shares of Commercial Vehicle Group by 54.7% in the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after buying an additional 5,412 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at about $109,000. California Public Employees Retirement System increased its stake in shares of Commercial Vehicle Group by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 206,072 shares of the company’s stock valued at $2,203,000 after buying an additional 12,628 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at about $135,000. Finally, Cadence Capital Management LLC increased its stake in shares of Commercial Vehicle Group by 10.6% in the fourth quarter. Cadence Capital Management LLC now owns 183,132 shares of the company’s stock valued at $1,958,000 after buying an additional 17,607 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.
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Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.
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